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we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we had to endure makes the tax code more complex. for the sake of simplicity don't you want. >> i want a flat income tax and that makes it simple and fair and everyone to pay the porportion of their income in taxes that gives them the same amount of sn in the game and that would slow down government spending, wow, i am going to taxed for a new program. >> steve will not give you an argument on the flat tax, but the beauty of what is happening in the state level in this country, for all of the messiness that we have in the state level they are getting their act togethe
we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we...
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Jan 14, 2013
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various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of those nine states across the united states that don't have an income tax. those are states like texas and florida and tennessee and new hampshire and washington, navy. they're doing develop economically much better. art laffer who you have on the show a lot and we do a study, called rich states, poor states we find significant growth in those that don't have income taxes. texas isp booming. florida is doing well, tennessee. louisiana wants to join the states to get more job and higher income jobs. bill: bobby jindal wants to get in on the action? >> yeah. bill: what is the effect whe
various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of...
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people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be a disaster. and what we're doing right now as the president correctly said today, is actua
people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's...
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we have 2 1/2 trillion dollars worth of tax revenue coming into the treasury every year. we can use some of that money to pay our interest on our debt. we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation, that really is talking down america. the president is encouraging congress, encouraging america to pay its bills using a credit card to pay its bills, using borrowed money to pay its bills. that credit card will never be paid off and the balance on it will never be paid down. that is dead beat behavior and that should be pointed out. by using that expression, the president is talk down america. we stand not as tall in the eyes of the world when the president uses that kind of language. >> gretchen: could it also be he was talking down to republicans because he thinks right now that he has the maj
we have 2 1/2 trillion dollars worth of tax revenue coming into the treasury every year. we can use some of that money to pay our interest on our debt. we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation,...
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congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need for the joint strike fighter. there are tough decisions that have to be made. leadership in the military was difficult. there are things that are made now that will now be made in the future. that is what it takes to get our defense budget under control. in the question of closing loopholes, the president's budget has a number of specifics. we also have provisions that would take away the tax benefits to come to companies that export jobs. we think it is important to have our policy and tax code designed do reflect what we need to do in our economy. for the future, we need to develop new and renewabl
congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need...
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in favor of boosting sales tax rates. free market economists have praised the idea, but liberal economists say poor people would be bearing the brunt of the cost because they spent a greater share of income on consumer goods. can i stop here for one second? >> uh-huh. >> steve rattner, here's a great example. bobby jindal, like me, a really conservative guy economically. but has come out and spoken out against the stupid wing of the republican party. he's been very responsible. remember right after the election? >> yeah. >> like come on, we have got to be more inclusive, guys, and got to stop being the stupid party. here's a great example. you can disagree with bobby jindal on economics, which i'm sure you do -- >> right. >> -- because he's a lot like me, but you can respect bobby jindal as being a smart guy who wants to expand the party and be more inclusive. >> yeah. i agree. i respect him for all those things. and i think he is part of the future of the party. this particular proposal, i think what you said about it is
in favor of boosting sales tax rates. free market economists have praised the idea, but liberal economists say poor people would be bearing the brunt of the cost because they spent a greater share of income on consumer goods. can i stop here for one second? >> uh-huh. >> steve rattner, here's a great example. bobby jindal, like me, a really conservative guy economically. but has come out and spoken out against the stupid wing of the republican party. he's been very responsible....
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meanss tomor "fox & friends."nt meanss tomor >> tune in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...
SFGTV: San Francisco Government Television
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Jan 15, 2013
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dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president of the lead developer of this partnership, and that is jack gardner. without our developers, without our partnerships, we wouldn't be here because we need developers to design and create this and to secure all the financing. and i'd like to introduce jack gardner. (applause) >> thank you. thank you, olson. mr. mayor, i'm going to bring my kids to the next event because i want the mayor of san francisco to tell them to keep their rooms clean, too. [laughter] >> so, and these guys are like, that wasn't part of the deal. wait a second. anyway, after almost eight
dwayne, because it really has been a very taxing journey. and i truly hope that the y gina keeps that open door policy. i thank you for that. and to everyone that's here, thank you, thank you, thank you. (applause) >> all right. and again, thank you to the residents. we look forward to working with them on the subsequent phases and look forward to working with all the residents in all the developments as we move forward on this endeavor. at this point i'd like to introduce the president...
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> good morning, everyone, we're live in
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not...
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taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the question today is, that a regresssive tax? >> yes. >> peter: as you economists say? >> yes. >> peter: what does that mean? >> everybody pays it. no relation to how much you earn. it's how much you spend. you pay tax according to what you spend. a sales tax, it tax consumption. so in that sense, yes. it is regresssive. but on the other hand, if the absence of income taxes creates a growing economy, everybody wins from that. >> peter: some states don't have income tax. >> there are seven. i'll read them, alaska, florida, nevada, sout
taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the...
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self-imposed out costs from society i will cut myself am i going to tax my brother you understand my contact immediately. going to be basically attacked the columns of my anger and my frustration. that. duck into the dome. two of the most violent gangs in u.s. history. is just all model killer to kill with the colors matching the national flag. but this country uses violence when it reaches its and it legitimizes the violence they all made in america on the autopsy. claim. player. play . play. play live. play play. play. play. more news today violence is once again flared up if these are the images go for all of that and seeing from the streets of canada. trying to look for racial to rule the day played. and realized. the big picture. please list. the speed. limits good. luck. and. please. wealthy british style. markets. find out what's really happening to the global economy. for a no holds barred global financial headlines kaiser report on a. couple. if you just joined it's a very well welcome aussie life here in moscow the news continues now it's the fortieth anniversary of america
self-imposed out costs from society i will cut myself am i going to tax my brother you understand my contact immediately. going to be basically attacked the columns of my anger and my frustration. that. duck into the dome. two of the most violent gangs in u.s. history. is just all model killer to kill with the colors matching the national flag. but this country uses violence when it reaches its and it legitimizes the violence they all made in america on the autopsy. claim. player. play . play....
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. address is on the steps on monday. i'm jamie colby. back to bulls and bears right now. >> brenda: so, first the price spikes and now the price hikes. chipotle warning of higher menu prices because of higher food costs. a
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of...
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they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is proposal the next that is more 1-1 so you will see around 2-1 i think. >>neil: we could argue over that. >> we argued before. i won that. >>neil: whatever. could i get your sense of where this is going? with the republican mood today trying to postpone the delegate sealing deadline for a few months, they trying to get their ducks in order, they are trying to get the immediate pressure off as much as the country but what do you think the markets which are closed, with do in reaction to the constant kicking the can. >> i am surprised by the buoyancy of the market. the next 45 to 60 days has incredible uncertainty. the
they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is...
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income tax, there is none in texas. 9% in california. no corporate tax. so there is job creation. so california lost over the past ten-year a couple million people. half a million people moved in to texas. >> gretchen: one of the big arguments has been that california will continue to not be able to pay its bills because people like that who are employable are leaving so they're losing their tax base. >> they pay their politicians so much, some towns have gone bankrupt. san bernardino. we sent kennedy, a special correspondent from my show to the mayor's office looking for answers. >> i walked down an empty hallway looking for the mayor, looking for anyone. i felt like i was in a horror movie. it was creepy. i found an empty conference room and decided i would take over as mayor. show of hands? all right. not all at once. busy day. we have a lot of problems. lot of people out of work. lot of businesses with shuttered doors. i don't hear any answers from any of you! >> steve: the lights are on, but nobody is home. >> they were in there. she couldn't find them. san bernardino is the
income tax, there is none in texas. 9% in california. no corporate tax. so there is job creation. so california lost over the past ten-year a couple million people. half a million people moved in to texas. >> gretchen: one of the big arguments has been that california will continue to not be able to pay its bills because people like that who are employable are leaving so they're losing their tax base. >> they pay their politicians so much, some towns have gone bankrupt. san...
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xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
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of course other things being considered are tax measures and higher fares. coming up we'll talk to some of the riders and see what they think needs to be done to improve ridership here on bart. live here in san francisco i'm brian flores. >>> pg&e is defending its pipeline testing that occurred before the 2010 disaster in san bruno. pg&e lawyers assert the program measured up to gas industry standards. the claim is reportedly part of pg&e's effort to minimize the expected huge fines for the explosion and fire that killed eight people and destroyed 38 homes. now earlier company executives admitted that there were problems with pg&e pipeline testing and maintenance prior to the disaster in san bruno. >>> time now 6:47. big crowds turned out for a daly city gun show and fears about new gun control laws may have inspired them. on saturday and sunday the lines wrapped around outside the cal palace. ammunition was a popular item at this gun event. it comes after they proposed a bullet control bill. tomorrow the vice president will make gun control recommendations
of course other things being considered are tax measures and higher fares. coming up we'll talk to some of the riders and see what they think needs to be done to improve ridership here on bart. live here in san francisco i'm brian flores. >>> pg&e is defending its pipeline testing that occurred before the 2010 disaster in san bruno. pg&e lawyers assert the program measured up to gas industry standards. the claim is reportedly part of pg&e's effort to minimize the expected...
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host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for senator hagel's side. if he says the wrong thing, he could lose his position in the community. it is astonishing to me that people have been so wrong from day one. the people have been wrong. iraq is a disaster with trillions of dollars. afghanistan is a disaster. we do not know what is going on. in syria, the christians are terrified. chuck hagel is reasonable. what did he say that has so destructive -- disrupted it all? he said the jewish lobby intimidate people. to people knowledgeable and aware, this is not an issue. host: this is someone from the republican line. this is slowly an
host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for...
SFGTV2: San Francisco Government Television
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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additional spending just last december congress struggled to find a compromise to avoid an automatic tax increase and the implementation of cuts dubbed the fiscal cliff. and at midnight g.m.t. the u.s. treasuries new boss comes under scrutiny and breaking the set with our host abby martin explaining how the media has been distracting attention from the real problems ahead is a brief preview for you. obama's chief of staff jack lew is moving on up and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on federal reserve notes dollar bills issued during his tenure here is jack whose signature it really is and here is what jack lew's signature would look like on a dollar bill how you have a court of the corporate media the biggest mr lewis is the signature apparently the most interesting. then they can dredge up as it is handwriting sucks but of course is all just one giant distraction from who he is really so who is jack lew. i could give you never s
additional spending just last december congress struggled to find a compromise to avoid an automatic tax increase and the implementation of cuts dubbed the fiscal cliff. and at midnight g.m.t. the u.s. treasuries new boss comes under scrutiny and breaking the set with our host abby martin explaining how the media has been distracting attention from the real problems ahead is a brief preview for you. obama's chief of staff jack lew is moving on up and of course the media has been all over the...
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yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact businesses on campus. joining me now is drew faust, harvard president. >> great to be here. >> we had news this week from m moody's. the demand for four-year college degrees is going down, it is softening. it is softening. leading to declines in net revenue for many universities. now, i realize harvard really is in
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
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yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. lucky charms?! ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious now all general mills big g kid cereals have more whole grain than any other ingdient in cereals like lucky charms and cinnamon toast crunch, the delicious way to help them grow up strong. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that im
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
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Jan 18, 2013
01/13
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CNBC
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what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >> we just put $1.3 trillion on. that came out today. small business, the backbone of the economy, they got a big tax hike. i think that's the most regrettable. instead of paying 40% plus 3.8% obama care, i don't think the small business should pay more than 25%. i don't think the large business should pay more than 25%. those are both anti-growth measures from president obama. >> well, we should have free lunches too, larry. look, someone has to pay for government and the reality is you were talking about the past when we had more rapid growth. we did have more rapid gr
what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >>...
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Jan 14, 2013
01/13
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CNBC
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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Jan 17, 2013
01/13
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FBC
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worse
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to...
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Jan 17, 2013
01/13
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FBC
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ neil: cornhusker playing tax buster. the republican governor is not showing taxes love. double down on cuts and a lot of cuts. he joins republicans looking to roll back a variety of taxes. dave right now, governor, exbrain you are doin
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of...
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Jan 21, 2013
01/13
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FOXNEWSW
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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Jan 14, 2013
01/13
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CNBC
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yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into the future. the president of harvard university is with me. >>> and then is buzz worth billions? how to build a news company in a digital age. why sharing angry cat pictures may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact business on campus? joining me right now is drew faust, the first female president of harvard university. president faust, good to have you on the program. >> thank you. great to be here. >> so we had news this w
yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into...
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Jan 13, 2013
01/13
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course he pursued in the first term, to spend as much as he needs to establish the entitlement state and tax at a higher level to pay for it. jack lew is exactly the kind of liberal historically who has been his warrior on the front in negotiating on this. there is no indication that lew would go in any other direction, and it is clear to me that by this series of agreements obama has made, unlike added a first term more features people of independent stature, he has gone from a team of rivals to team of underlings. >> well, that is one nomination, but the nomination of former srepublican senator chuck hagel to head the department of defense has generated heat and light. zbigniew brzezinski, general john johns, brent scowcroft, as well as colin powell and former defense secretary bob gates. the senate has rejected only nine cabinet nominees to will chuck hagel be the 10th? >> i don't think so. i thought he would have an easier time that he has, but when all is said and done, there are lots of people from the bush administration, high-visibility people -- npr on friday morning , one spoke ext
course he pursued in the first term, to spend as much as he needs to establish the entitlement state and tax at a higher level to pay for it. jack lew is exactly the kind of liberal historically who has been his warrior on the front in negotiating on this. there is no indication that lew would go in any other direction, and it is clear to me that by this series of agreements obama has made, unlike added a first term more features people of independent stature, he has gone from a team of rivals...
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loopholes from these giant banks that do not pay any taxes it would solve the economy problem so it's just kind of the elephant in the room that i just have to keep pointing fingers that. where are going to i don't have magonet you have kind of a look at the change the change up in the administration and there's a lot of them let's go ahead and go over to the plasma and look at some of them first up one of the hallmarks of every president's second term is a change in the lineup not only does it bring new mines and new ideas to the forefront of the administration but it also gives a much needed our in our relax and rest and relax for those who have already served their. for years with president obama in the first term perhaps no one needs are and are more than. secretary of state hillary clinton in her first four years as a top u.s. diplomat she's flown over nine hundred sixty thousand miles to one hundred twelve countries now it looks like senator john kerry will replace her as the current chair of the senate foreign relations committee he has extensive foreign policy experience his c
loopholes from these giant banks that do not pay any taxes it would solve the economy problem so it's just kind of the elephant in the room that i just have to keep pointing fingers that. where are going to i don't have magonet you have kind of a look at the change the change up in the administration and there's a lot of them let's go ahead and go over to the plasma and look at some of them first up one of the hallmarks of every president's second term is a change in the lineup not only does it...
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Jan 16, 2013
01/13
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obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of gun owners and they did it under a veil of secre
obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says...
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Jan 14, 2013
01/13
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also insider tax last year there were 45 attacks resulting in 62 deaths among the coalition forces compared to 65 the previous year. but the president did not answer how many will remain in afghanistan after next year. that announcement could take weeks. although the preference is your than 10,000 troops. we will take this up witith john bolton but our guest will help us break down the nomination of heading the treasury to part of. also dr. keith tableau will tell us if violent video games are decent the tying -- desensitizing us to real violence. also the search for political and legal solutions for gun violence violence, the vice president says he will hand over recommendations to the president next week despite claiming there is no silver bullet solution but the second amendment has a ripple effect but carl cameron has more. >> guns and ammunition flying out the doors nationwide as the obama administration consummate wraps up. >> people are just scared. that they could not buy them. they thought about getting them now they decided is the time. >> background checks were 2.7 billion and 19
also insider tax last year there were 45 attacks resulting in 62 deaths among the coalition forces compared to 65 the previous year. but the president did not answer how many will remain in afghanistan after next year. that announcement could take weeks. although the preference is your than 10,000 troops. we will take this up witith john bolton but our guest will help us break down the nomination of heading the treasury to part of. also dr. keith tableau will tell us if violent video games are...
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Jan 19, 2013
01/13
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FBC
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we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would oth
we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring....
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Jan 16, 2013
01/13
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they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around the log jam. but i have to tell you the ideology of the republicans is different than the democrats. they don't mind the inequality. or they believe by giving more money to the most well off that it will trickle down and everyone will get better off. yes, america is facing not a problem but a crisis of governing. if we can't overcome it, then we had deteriorate and no longer be a world leader. >> reporter: it's that serious? and just one question. you reported you had prostate cancer. >> yes. reporter: how are you doing? i'm doing well. ask me in 20 years. >> repor
they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around...
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Jan 14, 2013
01/13
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i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth, i said at the time i think we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made. and we've made those cuts. now, the challe
i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class....
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Jan 16, 2013
01/13
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KRCB
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we did raise a tax on all citizens called the sales tax, a quarter of a cent. and we raised the tax on individuals who make more than $250,000 or couples who make more than $500,000. so that's what we did. there's no doubt america is overcommitted. wee orcommitted abroad with our several hundred drid military installations. we're overcommitted in our borrowing 40 cents for every dollar. >> reporter: answer me a question about the ideology and the gridlock between republican and democrats? it seems to be parallel to what's going on in the united states' congress at the same time. >> well, in california through the initiative process, the republicans refused to give me even a two-vote in each of the houses to put my tax. not into effect but before the people or judgment had a statewide election. they wouldn't do it. so i had to go to the people directly through the california initiative. they voted by 55%, saying, yes, raise these taxes and help our schools and help our universities. so that was the way to break the log jam. >> reporter: are you saying that's the
we did raise a tax on all citizens called the sales tax, a quarter of a cent. and we raised the tax on individuals who make more than $250,000 or couples who make more than $500,000. so that's what we did. there's no doubt america is overcommitted. wee orcommitted abroad with our several hundred drid military installations. we're overcommitted in our borrowing 40 cents for every dollar. >> reporter: answer me a question about the ideology and the gridlock between republican and democrats?...
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Jan 14, 2013
01/13
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there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that they're willing to do it. but by the same token, obama cannot get into this because then you have government in the hands of -- never mind the constitution, the government is run by whoever is most willing to wreak havoc with our whole system of -- with the nation. we cannot allow ourselves to be blackmailed into spending cuts, partly because blackmail should not be part of how the u.s. operates, and partly because spending cuts would be disastrous right now. so obama's right to say he doesn't negotiate. i'd like to know exactly what he will do if it turns out that there
there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >> this is a guy walking into a crowded room and saying, "i have a bomb strapped to my chest, and if you don't give me what i want, i'm going to blow up everybody, including myself." and is that a credible threat? well, there're some pretty crazy people there. and it might be that...
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Jan 13, 2013
01/13
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CNNW
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we're going to bring in $ 2.5 trillion in tax revenue. ten times what the servicing on the debt is there is some cash flow aspects of turning over some debt. but basically the only reason you have to increase the debt ceiling is because we continue to deficit spend. we're actually spending $1 trillion more than we're bringing in. >> we're not, when you say -- >> that's the reason you have to increase the debt ceiling. >> when you say we continue to deficit spend. we've deny sit spent under this entire administration, under the entire previous administration as well. this isn't new, we never don't deficit spend. why would you pick this moment to have that fight? >> when do you stop doing that. >> can you come up with a budget? paul ryan couldn't come up with one. >> well paul ryan did pass a budget in the house. where we have passed a budget is in the united states senate controlled by democrats for over three years. >> right. >> so what we need, what we need to use the debt ceiling moment as, is a moment to educate the american public abo
we're going to bring in $ 2.5 trillion in tax revenue. ten times what the servicing on the debt is there is some cash flow aspects of turning over some debt. but basically the only reason you have to increase the debt ceiling is because we continue to deficit spend. we're actually spending $1 trillion more than we're bringing in. >> we're not, when you say -- >> that's the reason you have to increase the debt ceiling. >> when you say we continue to deficit spend. we've deny...